Despite Bitcoin price volatility, factors point to BTC’s long-term success
Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism.
Bitcoin’s long-awaited halving event concluded on April 20, cutting the asset’s block mining reward from 6.25 BTC to 3.125 BTC.
It was the fourth time Bitcoin has undergone a halving since its inception, and substantial price surges have historically followed these events.
After the 2012 halving, Bitcoin’s value skyrocketed by an impressive 9,500%, while the 2016 halving saw a 3,000% increase over the following year. However, the price rally following the 2020 halving was more modest, with Bitcoin’s value rising by only 650%.
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Author: Shiraz Jagati
